SUNLAND COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $358 $326 Accounts receivable (net) 590 520 Inventory 520 450 Prepaid expenses 130 160 Total current assets 1,598 1,456 Investments 130 130 Property, plant, and equipment (net) 382 380 Intangibles and other assets 530 544 Total assets $2,640 $2,510 Current liabilities $940 $910 Long-term liabilities 540 440 Stockholders' equity-common 1,160 1,160 Total liabilities and stockholders' equity $2,640 $2,510 SUNLAND COMPANY Income Statements For the Year Ended December 31 (in thousands) Sales revenue 2022 2021 $3,860 $3,520 Costs and expenses Cost of goods sold 970 1,012 Selling & administrative expenses 2,400 2,330 Interest expense 10 20 Total costs and expenses 3,380 3,362 4 Income before income taxes 480 158 Income tax expense 192 63 Net income $288 $95 Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6%) Current ratio. (b) Inventory turnover. (Inventory on December 31, 2020, was $350.) (c) Profit margin. 6369 (d) Return on assets. (Assets on December 31, 2020, were $2,290) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $950) (f) Debt to assets ratio. () Times interest earned. Current ratio. Inventory turnover. Profit margin 2022 :1 % 021 % % % Return on assets. Return on common stockholders' equity. % Debt to assets ratio. % Times interest earned. times % % 1 times